The EUR/GBP pair rallied off the 50-day exponential moving average on Friday, as it looks like we will continue to see quite a bit of choppiness. If we
The EUR/GBP pair rallied off the 50-day exponential moving average on Friday, as it looks like we will continue to see quite a bit of choppiness. If we can break above the top of the range for the session on Monday, I believe that the market will probably reach towards the 0.88 handle. If we break down from here, I think the 0.85 level is massively supportive and essentially the “floor” in this market place. With the Article 50 coming, it’s likely that we will continue to see quite a bit of volatility and choppiness.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
